Kwara Equips Civil Service With Computers, Others

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

By Aduragbemi Omiyale The Oyo State government has maintained that its decision to register all commercial motorcycle and tricycle riders in the state was to promote public safety and not for any other purpose. The Commissioner for Information and Civic Orientation, Mr Dotun Oyelade, said this during a one-day sensitisation meeting with Okada and Keke riders in Ibadan. He explained that the meeting became necessary following a recent state security council meeting, noting that the exercise will help in the documentation of riders in the state. The Commissioner called for sustained cooperation between motorcycle and tricycle riders and the state

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Dipo Olowookere Twenty-two more millionaires have emerged in the ongoing Diamond Xtraordinary Wins promotion put I place by Diamond Bank Plc to reward its loyal customers. The addition of the 22 new millionaires makes it 35 millionaires already produced by the financial institution since July 2017 when the scheme began. A unique feature of the DiamondXtra Season 9 campaign, the Diamond Xtraordinary Wins offer has produced more than 1,500 winners including 10 customers who won N500,000 each, 300 customers who won N10,000 each and 200 customers who won N5,000 each. The Bank also rewarded 1,000 customers with N500 airtime

By Aduragbemi Omiyale In five years’ time, members of the investing public will be able to buy and sell shares of Transcorp Power, the Chairman of Transcorp, Mr Toby Elumelu, has confirmed. In an interview with Arise TV last week, the serial entrepreneur said the power-generating company wants to put some things in place before going public, playing down speculations that the list of the firm would be done very soon. Last year, Geregu Power Plc joined the Nigerian Exchange (NGX) Limited, triggering rumours that Transcorp Power would follow suit. But Mr Elumele denied reports of planning to list Transcorp

By Dipo Olowookere The money market rates were relatively calm on Tuesday as system liquidity remained buoyant at N244 billion positive. Business Post reports that the average money market rates depreciated by 0.46 percent following the 0.33 percent and 0.58 percent decline in the Open Buy Back (OBB) and Overnight (OVN) rates respectively. The OBB rate dropped to 9.17 percent from 9.50 percent yesterday, while the OVN rate fell eased to 10.00 percent from 10.58 percent. With no significant outflows expected at the market today, the rates are expected to remain stable. Meanwhile, the treasury bills market remained scantily traded,

By Investors Hub European stocks have fallen on Friday as conflicting messages over U.S.-China trade talks unnerved markets, offsetting better than expected trade data from China. Reuters reported that a plan to roll back tariffs in phases has met opposition from some advisers to U.S. President Donald Trump, raising concerns about whether the two sides are really getting close to signing a phase one trade deal. While the U.K.?s FTSE 100 Index has fallen by 0.5 percent, the German DAX Index is down by 0.4 percent and the French CAC 40 Index is down by 0.3 percent. Miners have been

By Modupe Gbadeyanka The national scale ratings of AA-(NG) and A1+(NG) in the long and short term respectively assigned to United Bank for Africa (UBA) have been affirmed by Global Credit Ratings (GCR). The Nigeria-based rating agency, in a statement, disclosed that it also affirmed the long term international scale rating of B+ assigned to the lender with the outlook accorded as stable. However, GCR stressed that downward ratings movement may emanate from a significant deterioration in asset quality, liquidity, capital and profitability metrics, noting that the international scale rating will be sensitive to changes in the sovereign rating of

By Modupe Gbadeyanka The World Bank Group announced the debarment of Zarcus Construction Nigeria Ltd. for two years, following the company’s acknowledgment and cooperation with the World Bank’s Integrity Vice Presidency’s (INT) investigation of misconduct relating to two World Bank-financed projects in Nigeria. The company acknowledged its submission of false audited financial statements in its bids for contracts under the Erosion and Watershed Management Project, and Second Rural Access and Mobility Project. The World Bank also announced the debarment of Geoambiente Sensoramiento Remoto Ltd for a period of 13 months following the company’s involvement in sanctionable practices while bidding for

By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded by 0.03 per cent on Monday after losing its upward trajectory to profit-taking last Friday. Renewed bargain-hunting helped the marginal growth reported by the local bourse yesterday. Also, the cross deals in cement stocks, especially BUA Cement, Lafarge Africa, and Dangote Cement, by big investors, strengthened the stock exchange during the session. At the close of business, the All-Share Index (ASI) increased by 15.16 points to 59,016.12 points from 59,000.96 points, as the market capitalisation inflated by N8 billion to N32.134 trillion from N32.126 trillion. The market breadth index was positive